TF1 looks to shed France24 liability
January 8, 2009
French broadcaster TF1 is discussing the sale of its 50% stake in news channel France 24 with French authorities who are their partners.
TF1 could receive about E2 million, significantly less than it had hoped to recoup. It would 'sell' the stake to government holding company Audiovisuel Exterieur de la France. The parties said that an agreement would be predicated on TF1 renewing a contract requiring it to support the continued development of the channel for a seven-year period.